VTRS · 8-K · 20260806PR000037
Net Loss and Tyrvaya Charge
Viatris Inc · 2026-08-06 · Importance 64 · Surprise 82 · From source text
Second-quarter U.S. GAAP net loss was $118.8 million, compared with a $4.6 million net loss in second-quarter 2025. The loss included a $177.8 million non-cash charge for the planned sale of Tyrvaya product rights and the write-down of the related intangible asset to fair value less costs to sell. Adjusted net earnings increased 11% to $808.5 million, and adjusted EPS increased 11% to $0.69.
Key facts
- The Q2 2026 loss was primarily driven by a non-cash charge of $177.8 million related to the planned sale of the product rights for Tyrvaya and the write down of that intangible asset to fair value, less cost to sell source
- U.S. GAAP net loss for Q2 2026: $118.8 million (reported as $(118.8)) compared to $(4.6) million in Q2 2025 source
- Income tax provision (benefit): September 30, 2025: $120.3; December 31, 2025: $(2.9); March 31, 2026: $(423.7); June 30, 2026: $54.8 source
- U.S. GAAP net (loss) earnings: September 30, 2025: $(128.2); December 31, 2025: $(340.1); March 31, 2026: $176.4; June 30, 2026: $(118.8) source
- U.S. GAAP diluted loss per share for Q2 2026: $(0.10) source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | -4.7% | The Q2 2026 loss was primarily driven by a non-cash charge of $177.8 million related to the planned sale of the product rights for Tyrvaya… |
| net_income | negative | realized | -3.0% | U.S. GAAP net loss for Q2 2026: $118.8 million (reported as $(118.8)) compared to $(4.6) million in Q2 2025 |